Friday, April 27, 2018

M&A

India starts merger process of three state insurers

India starts merger process of three state insurers

The proposed merger has been set in motion, though the government has yet to lay out a roadmap.

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Malaysia’s KWAP set to close insurance acquisition

Malaysia’s KWAP set to close insurance acquisition

The retirement fund’s chief executive said the fund is currently talking with two foreign insurers.

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Talanx to up stake in PetroVietnam Insurance

Talanx to up stake in PetroVietnam Insurance

A unit of the German company plans to raise its ownership in the state-owned insurer to at least 49%.

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Malaysia first

Malaysia first

Foreign insurers have until the end of June to cut their ownership to 70%, but local buyers are scarce.

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Fosun and Gonbao reopen bids for Greece’s national insurer

Fosun and Gonbao reopen bids for Greece’s national insurer

The deal to buy a major stake in Ethniki Hellenic General Insurance is reportedly valued at US$900m.

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JD.com to buy one-third of Allianz China General Insurance

JD.com to buy one-third of Allianz China General Insurance

The Chinese e-commerce company will become the second-biggest shareholder in the Allianz unit for US$85m.

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Anbang seeks advice on potential divestments

Anbang seeks advice on potential divestments

The group is in the process of interviewing investment banks to help it sell off parts of its portfolio.

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Cathay Life’s move on Bank of Nova Scotia’s Malaysian unit fails

Cathay Life’s move on Bank of Nova Scotia’s Malaysian unit fails

The Taiwanese financial group did not give details on why the deal fell through, but said it wasn’t about price.

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Asian insurtech M&A surges

Asian insurtech M&A surges

The transaction volume of insurtech M&A in Asia hit US$460 million in 2017, more than three times that of 2016.

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Indian mortgage lender HDFC to acquire Apollo Munich

Indian mortgage lender HDFC to acquire Apollo Munich

India’s largest mortgage lender is reportedly in advanced negotiations to pay around US$150m for the joint venture.

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India’s public-sector merger put off to next year

India’s public-sector merger put off to next year

The consolidation of United India Insurance, National Insurance and Oriental Insurance has been delayed.

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US broker Alliant targets Asia expansion

US broker Alliant targets Asia expansion

The move is a consequence of its acquisition of Dumortier Risk Management, which has ties to Taiwan and China.

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Swiss Re confirms talks with SoftBank over possible stake sale

Swiss Re confirms talks with SoftBank over possible stake sale

It is eyeing a strategic cooperation and a minority investment that is not expected to exceed 10%.

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CBA eyes sale of Indonesian life insurance business

CBA eyes sale of Indonesian life insurance business

Commonwealth Life could be valued at up to US$250 million as the Aussie bank bids to free up capital.

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Asia insurance M&A bouncing back

Asia insurance M&A bouncing back

The total value of Asian insurance M&A rose from US$9.2bn in 2016 to US$13bn last year.

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Three state-owned Indian insurers undergo merger review

Three state-owned Indian insurers undergo merger review

National Insurance, United India Insurance and Oriental India Insurance will merger within the next six months.

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Goldman Sachs eyes Indian insurance acquisition

Goldman Sachs eyes Indian insurance acquisition

The Wall Street bank’s private equity unit is reportedly in talks to buy a minority stake in Royal Sundaram.

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Fosun advances plan to buy Greek insurer

Fosun advances plan to buy Greek insurer

The Chinese group has formally expressed interest in buying Greece’s leading insurance firm, Ethniki.

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